Trump’s tariff authority challenged in court by conservative legal group
The lawsuit argues that Trump lacked the legal basis to impose the tariffs under the International Emergency Economic Powers Act
IMF says new U.S. tariffs represent significant global economic risk
The importance of avoiding further steps that could harm the global economy, says Kristalina Georgieva
iPhone 16 price could increase by 30% to 43% due to U.S. tariffs
Most iPhones are made in China, subject to a 54% tariff, forcing Apple to decide on absorbing or passing the costs
WTO warns U.S. tariffs may shrink global trade by 1% in 2025
The WTO now oversees 74% of global trade, down from 80% earlier this year due to rising tariffs
Trump proposes tariff negotiations as part of potential TikTok sale agreement
Donald Trump confirms that his administration is "very close" to reaching a deal on TikTok, with multiple investors involved
Nissan stops taking U.S. orders for Infiniti SUVs from Mexico plant
This decision reduces operations at the joint venture plant in Mexico, where the Infiniti QX50 and QX55 are produced with Mercedes-Benz
Oil Prices Slide as Trump Tariffs Trigger Worst Week in Months
Fresh tariffs spark market turmoil as fears of a global demand slowdown send crude oil prices tumbling
Global markets plunge as Trump’s tariffs ignite worldwide economic turmoil
Trillions lost across global stock exchanges amid fears of recession, world leaders condemn tariff surge, warn of prolonged trade war with shares in Apple and Nike falling 9 and 14 percent
US stocks rout deepens on Trump tariffs as Nasdaq, S&P tumble
NEW YORK: The sell-off in Wall Street stocks deepened in mid-morning trading Thursday, with the S&P 500 losing more than four percent...
Oil prices drop 6% as OPEC+ moves to increase output
Brent crude drops $4.51, or 6.02%, to $70.44 per barrel, while U.S. West Texas Intermediate (WTI) falls $4.63, or 6.46%, to $67.08
Papa John’s CEO sees AI as key to operational growth
Additionally, the company will introduce a new online chatbot and allow customers to place orders through virtual assistants
Amazon challenges French book delivery fee at EU court
The measure, introduced in October 2023, charges a three-euro fee on book deliveries for purchases under 35 euros
Spain announces 14.1-billion euro plan to mitigate U.S. tariff impact
The plan includes 7.4 billion euros in new financing, with the remaining funds coming from existing instruments such as soft loans
Amazon joins the race to buy TikTok
Earlier this year, Amazon even tested a TikTok-like short-form video feed called Inspire, though it was shut down
IMF sees Japan achieving 2% inflation target sustainably
Japan's headline inflation stands at 3.7% in February, remaining above the BOJ's target for nearly three years, mainly due to persistently high food costs